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Ryanair Holdings
(NASDAQ:RYAAY)
Ryanair Holdings (RYAAY) vs. SPDR S&P 500 ETF (SPY)
Ryanair Holdings Business Overview & Revenue Model
Ryanair Holdings Earnings Call Summary
Ryanair Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.66B | 13.95B | 13.44B | 10.78B | 4.80B | 1.64B |
| Gross Profit | 3.49B | 2.65B | 3.88B | 3.04B | 791.10M | -66.90M |
| EBITDA | 3.64B | 3.07B | 3.06B | 2.28B | 325.30M | -337.00M |
| Net Income | 2.07B | 1.61B | 1.92B | 1.31B | -240.80M | -1.02B |
Balance Sheet | ||||||
| Total Assets | 18.08B | 17.51B | 17.18B | 16.41B | 12.33B | 14.75B |
| Cash, Cash Equivalents and Short-Term Investments | 4.35B | 3.96B | 4.11B | 4.66B | 3.60B | 3.12B |
| Total Debt | 2.32B | 2.68B | 2.75B | 4.12B | 5.08B | 5.43B |
| Total Liabilities | 10.68B | 10.47B | 9.56B | 10.76B | 7.68B | 9.78B |
| Stockholders Equity | 7.40B | 7.04B | 7.61B | 5.64B | 5.55B | 4.65B |
Cash Flow | ||||||
| Free Cash Flow | 2.07B | 1.86B | 766.00M | 1.98B | -2.74B | 910.50M |
| Operating Cash Flow | 3.75B | 3.42B | 3.16B | 3.89B | -2.45B | 2.11B |
| Investing Cash Flow | -1.90B | -1.43B | -1.56B | -1.90B | 937.10M | 937.00M |
| Financing Cash Flow | -2.14B | -2.00B | -1.33B | -1.05B | 1.62B | 1.62B |
Ryanair Holdings Technical Analysis
Ryanair Holdings Risk Analysis
Ryanair Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $31.93B | 9.67 | 24.74% | ― | 4.23% | 13.13% | |
80 Outperform | $37.65B | 8.36 | 25.72% | 1.12% | 3.01% | -0.90% | |
75 Outperform | $29.60B | 13.69 | 27.12% | 1.66% | 10.61% | 37.32% | |
63 Neutral | $17.21B | 49.26 | 4.90% | 2.26% | 1.64% | 284.24% | |
61 Neutral | $12.85B | 11.49 | 128.15% | 2.23% | 5.64% | 63.23% | |
58 Neutral | $7.51B | 14.45 | -14.65% | ― | 1.50% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Ryanair Holdings Corporate Events
Ryanair Holdings plc announced that between September 15 and September 19, 2025, it repurchased and canceled a total of 95,478 ordinary shares and 632,312 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, originally announced in May 2025, is part of Ryanair’s strategy to manage its capital structure and enhance shareholder value, with weekly updates on the buyback progress.
Ryanair Holdings announced that between September 8 and September 12, 2025, it repurchased and canceled a total of 106,499 ordinary shares and 414,814 shares underlying American Depositary Shares as part of its ongoing share buy-back programme. This initiative, initially announced in May 2025, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
On September 11, 2025, Ryanair Holdings plc held its Annual General Meeting (AGM), where all resolutions were approved by substantial majorities. The resolutions included the consideration of financial statements, remuneration reports, and the declaration of a final dividend, among others. The approval of these resolutions reflects strong shareholder support and is likely to positively impact Ryanair’s governance and operational strategies.
On September 10, 2025, Ryanair Holdings plc announced that Capt. Ray Conway will join the Board as a Non-Executive Director, replacing Mike O’Brien with oversight of Air Safety, effective October 1, 2025. Capt. Conway, who has a rich background in aviation, including a long tenure at Ryanair and experience as a consultant on safety matters, is expected to enhance the company’s focus on air safety, potentially strengthening its industry positioning and stakeholder confidence.
On September 4, 2025, Artisan Partners Limited Partnership reduced its voting rights in Ryanair Holdings PLC to below 4%, specifically to 3.99%, as reported to the Central Bank of Ireland on September 8, 2025. This reduction from a previous position of 4.98% signifies a notable shift in shareholder dynamics, potentially impacting Ryanair’s governance and investor relations.
Ryanair Holdings announced that between September 1 and September 5, 2025, it repurchased and canceled a total of 44,452 ordinary shares and 447,258 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, initially announced in May 2025, reflects Ryanair’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and stakeholder interests.
On September 2, 2025, Massachusetts Financial Services Company crossed a 5% threshold in voting rights for Ryanair Holdings PLC, as notified on September 3, 2025. This acquisition of voting rights signifies a notable shift in shareholder composition, potentially impacting Ryanair’s governance and strategic decisions.
Ryanair announced on September 2, 2025, that it achieved a new record in August 2025 by transporting 21.0 million guests, marking a 2% increase from the previous year. The airline operated over 114,000 flights during the month, maintaining a load factor of 96%. This growth reflects Ryanair’s strong market position and its ability to attract more passengers, contributing to a rolling annual increase of 6% in guest numbers.
On August 22, 2025, Ryanair Holdings PLC experienced a change in its voting rights structure as Rothschild & Co Wealth Management UK Limited’s shareholding fell below the 3% threshold, reaching 2.967740%. This notification, filed with the Central Bank of Ireland, reflects a slight decrease in Rothschild’s voting influence in Ryanair, potentially impacting shareholder dynamics and decision-making within the company.
On August 26, 2025, Ryanair announced a significant partnership with Booking Holdings, which includes well-known travel brands such as Booking.com, KAYAK, Priceline, and Agoda. This collaboration allows customers booking through these platforms to access Ryanair flights with full price transparency and receive essential flight updates directly, enhancing the booking experience. The partnership is expected to benefit consumers by offering more choices at lower fares and demonstrates Ryanair’s commitment to working with online travel agencies to protect and benefit customers.
Ryanair Holdings plc announced that between August 18 and August 22, 2025, it repurchased and canceled a total of 5,968 ordinary shares and 422,732 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, initially announced in May 2025, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
On August 25, 2025, Ryanair reported that its operations remained unaffected by the UGT union strikes in Spain, which took place over the past weekend. Despite the strikes, Ryanair’s on-time performance improved, as none of its flights to or from Spain experienced delays. The strikes, which were poorly supported by the UGT union members, had no impact on Ryanair’s operations, prompting the company to suggest that the union call off the strikes due to their ineffectiveness.
On August 18, 2025, Ryanair Holdings plc announced an update to its share buy-back programme, initially set to run from May 20, 2025, to May 19, 2026. The company has extended the programme to conclude no later than December 31, 2026, maintaining a maximum repurchase consideration of €750 million. This strategic move aims to enhance flexibility in repurchasing shares, influenced by market conditions and regulatory requirements, potentially impacting shareholder value and market perception.
Between August 11 and August 15, 2025, Ryanair Holdings plc executed a share buyback program, purchasing and canceling a total of 21,040 ordinary shares and 229,014 shares underlying American Depositary Shares. This move is part of an ongoing buyback initiative announced earlier in May 2025, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
Ryanair announced that its operations were unaffected by the recent handler strikes at several Spanish airports over the weekend of August 15-17, 2025. Despite the UGT Union’s limited support, Ryanair’s flights to and from Spain continued as scheduled, demonstrating the company’s resilience and operational efficiency in the face of potential disruptions.
On August 14, 2025, Ryanair announced the opening of a new base at Tirana Airport in Albania, set to commence in April 2026. This initiative involves a $300 million investment in three new B737-800 aircraft, creating over 3,000 jobs and expanding Ryanair’s reach with 33 routes, including 10 new ones. The expansion is part of Ryanair’s strategy to grow its market share in Albania, aiming to increase passenger traffic to 4 million annually. The move is expected to significantly boost Albania’s tourism and job market, contingent on the country’s continued low access costs and zero aviation taxes.
Ryanair Holdings plc announced that between August 4 and August 8, 2025, it repurchased and canceled a total of 11,864 ordinary shares and 89,782 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, initially announced in May 2025, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and reflecting the company’s confidence in its financial health.
Ryanair Holdings plc has announced that its Annual General Meeting (AGM) will take place on September 11, 2025, at the Ryanair Engineering Centre in Dublin. The company has made available the Chairman’s letter, notice of the AGM, and proxy forms to shareholders, with additional details and updates accessible on their website. This meeting will provide an opportunity for stakeholders to review the company’s financial performance for the year ending March 31, 2025, and discuss future strategies.
On August 5, 2025, Ryanair Holdings Plc announced a significant change in its shareholder structure as Parvus Asset Management Jersey Limited reduced its financial instruments holdings, crossing below the 4% voting rights threshold on July 31, 2025. This adjustment, primarily involving equity swaps, reflects a shift in the investment strategy of Parvus Asset Management, potentially impacting Ryanair’s shareholder dynamics and market perception.
Ryanair announced a 3% increase in passenger traffic for July 2025, setting a new record with 20.7 million guests. Despite the cancellation of 680 flights due to French air traffic control strikes, the airline maintained a load factor of 96% and operated over 113,000 flights. The rolling annual traffic also saw a 7% increase, reaching 203.1 million guests, highlighting Ryanair’s continued growth and resilience in the competitive airline market.
Ryanair Holdings plc announced that between July 28 and August 1, 2025, it repurchased and canceled a total of 16,092 ordinary shares and 92,584 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This move is part of a broader strategy announced on May 20, 2025, aimed at enhancing shareholder value, and reflects the company’s commitment to returning capital to shareholders.
On July 29, 2025, Ryanair Holdings announced that Capt. Mike O’Brien will not seek re-election at the upcoming September AGM after serving over nine years as a Non-Executive Director. This decision aligns with good governance practices, and the company expressed gratitude for his contributions, particularly to the Board and the Safety Committee, over the past decade.
Ryanair Holdings plc announced a proposed final dividend for the fiscal year 2025, subject to shareholder approval at the upcoming Annual General Meeting on September 11, 2025. The dividend of €0.227 per ordinary share is scheduled to be paid on September 18, 2025, to shareholders registered by August 8, 2025. The announcement highlights the company’s commitment to returning value to shareholders and outlines the procedures for dividend payments, including options for international shareholders to receive payments in their local currency. This move may positively impact Ryanair’s market positioning by reinforcing investor confidence and demonstrating financial stability.
On July 24, 2025, The Capital Group Companies, Inc. increased its voting rights in Ryanair Holdings PLC to over 13%, as reported on July 25, 2025. This acquisition highlights a significant shift in shareholder dynamics, potentially impacting Ryanair’s strategic decisions and its market positioning, given the influence of a major investment management firm like The Capital Group.
Ryanair Holdings plc announced that between July 21 and July 25, 2025, it repurchased and canceled a total of 18,716 ordinary shares and 93,944 shares underlying American Depositary Shares as part of its ongoing share buyback program. This initiative, which was initially announced on May 20, 2025, aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and reinforcing market confidence.
On July 23, 2025, it was reported that Michael O’Leary’s voting rights in Ryanair Holdings decreased below 4%, reaching 3.98%. This change in voting rights was officially notified on July 25, 2025, and reflects a shift in the ownership structure of the company, potentially impacting its governance and stakeholder dynamics.
On July 23, 2025, Parvus Asset Management Jersey Limited, acting as an investment manager, reduced its financial instruments in Ryanair Holdings Plc, falling below the 5% voting rights threshold. This change, notified to Ryanair on July 25, 2025, reflects a decrease in Parvus’s influence in the company, potentially impacting stakeholder perceptions and market dynamics.
On July 22, 2025, HSBC Holdings plc crossed a 3% threshold in voting rights in Ryanair Holdings PLC, as notified on July 24, 2025. This change in voting rights, resulting in a total of 2.999%, reflects a slight decrease from the previous position of 3.018%, potentially impacting Ryanair’s shareholder dynamics and market perception.
On July 24, 2025, Ryanair Holdings plc announced a change in its board of directors, with Howard Millar, a non-executive director, taking on an additional role as a non-executive director at DPA Aircraft I Limited. This change reflects Ryanair’s ongoing adjustments in its leadership structure, potentially influencing its strategic direction and stakeholder relations.
Ryanair Holdings plc announced a proposed final dividend for the fiscal year 2025, subject to shareholder approval at the Annual General Meeting on September 11, 2025. The dividend of €0.227 per ordinary share is set to be paid on September 18, 2025, to shareholders on record as of August 8, 2025. The announcement outlines the payment process, including options for international payments and the necessary steps for claiming exemptions from Dividend Withholding Tax. This move reflects Ryanair’s financial strategy and commitment to returning value to its shareholders.
On July 23, 2025, Ryanair Holdings Plc reported a transaction involving Róisín Brennan, a Non-Executive Director, who exercised share options and subsequently sold 50,000 ordinary shares. The exercise price was €11.12, while the sale price was €24.56. This transaction highlights managerial activities within the company and may influence stakeholder perceptions regarding the company’s stock performance and governance.
On July 23, 2025, Ryanair Holdings Plc disclosed a significant transaction involving the sale of 1,000,000 ordinary shares by Director Michael O’Leary at a price of €24.50 per share. This transaction, conducted in Dublin, Ireland, is part of the company’s compliance with the Market Abuse Regulation, highlighting transparency in managerial dealings and potentially impacting investor perceptions.
Ryanair Holdings plc announced that between July 14 and July 18, 2025, it repurchased and canceled a total of 135,358 ordinary shares and 135,934 shares underlying American Depositary Shares as part of its ongoing share buy-back program. This initiative, originally announced in May 2025, is part of Ryanair’s strategy to manage its capital structure and return value to shareholders, reflecting a proactive approach to enhancing shareholder value.
On July 16, 2025, Ryanair Holdings PLC experienced a significant change in its shareholder structure as BNP Paribas SA reduced its voting rights in the company below the 5% threshold. This adjustment, notified on July 18, 2025, reflects a decrease in BNP Paribas’s influence over Ryanair’s decision-making processes, potentially impacting the airline’s strategic direction and stakeholder dynamics.
On July 21, 2025, Ryanair Holdings reported a significant increase in Q1 profit after tax, reaching €820 million, up from €360 million the previous year. This growth was driven by a 4% increase in passenger traffic and a 21% rise in fares, resulting in a 20% increase in total revenue to €4.34 billion. The company highlighted its competitive advantage through effective fuel hedging and a strong balance sheet, positioning it well against industry challenges such as delayed aircraft deliveries and rising costs. Ryanair’s strategic focus on expanding its fleet and routes, along with its commitment to sustainability, aims to support its growth targets despite ongoing industry constraints.
On July 14, 2025, Ryanair Holdings PLC experienced a change in its voting rights structure due to an acquisition or disposal by HSBC Holdings plc, which was officially notified on July 16, 2025. The transaction resulted in HSBC’s voting rights in Ryanair reaching a total of 3.018%, crossing the 3% threshold. This adjustment in voting rights could potentially influence Ryanair’s shareholder dynamics and decision-making processes, impacting its governance and strategic direction.
Ryanair Holdings plc announced that between July 7 and July 11, 2025, it repurchased a total of 14,450 ordinary shares and 216,858 shares underlying American Depositary Shares as part of its ongoing share buy-back program. These transactions are part of a previously announced initiative on May 20, 2025, to enhance shareholder value by reducing the number of shares in circulation, which could potentially increase earnings per share and improve market perception.
On July 9, 2025, Massachusetts Financial Services Company crossed a 5% threshold in its voting rights in Ryanair Holdings PLC, reaching a position of 4.99%. This notification, made to the Central Bank of Ireland, reflects a slight reduction in their stake, potentially impacting Ryanair’s shareholder dynamics and market perception.
Ryanair Holdings plc announced that between June 30 and July 4, 2025, it repurchased and canceled a total of 42,921 ordinary shares and 173,074 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back program. This move is part of the company’s strategy to manage its share capital and potentially enhance shareholder value, reflecting a continued commitment to its financial strategies.
On July 1, 2025, BlackRock, Inc. crossed a voting rights threshold in Ryanair Holdings PLC due to a group restructure following the acquisition of HPS Investment Partners. This change, notified on July 2, 2025, resulted in BlackRock holding 3.50% of voting rights, slightly up from the previous 3.46%. The acquisition and subsequent restructure may impact Ryanair’s shareholder dynamics and influence its strategic decisions.
On July 1, 2025, Ryanair Holdings PLC experienced a change in its voting rights structure due to a group restructure following BlackRock, Inc.’s acquisition of HPS Investment Partners. This restructuring led to BlackRock holding 3.50% of Ryanair’s voting rights, up from a previous 3.47%. The notification was made to the Central Bank of Ireland on July 2, 2025, highlighting the strategic implications for Ryanair’s shareholder composition and potential influence on its corporate governance.
On July 3, 2025, Ryanair announced the cancellation of 170 flights, affecting over 30,000 passengers due to a French Air Traffic Control (ATC) strike. This disruption coincided with the start of the European summer holidays, a peak travel period. Ryanair has called on EU Commission President Ursula von der Leyen to urgently reform EU ATC services to prevent such disruptions in the future. The company emphasizes the need for reforms to ensure ATC services are fully staffed and overflights are protected during national strikes, which could significantly reduce delays and cancellations.
Ryanair announced that it carried 19.9 million passengers in June 2025, marking a 3% increase compared to the previous year, with a consistent load factor of 95%. Despite operating over 109,000 flights, the airline faced cancellations of more than 800 flights due to the Middle East conflict, impacting its operations.
On July 1, 2025, Ryanair Holdings announced that as of June 30, 2025, its issued share capital consisted of 1,061,433,265 ordinary shares, each with a nominal value of €0.006. The company does not hold any shares in treasury, meaning all shares have voting rights. This information is crucial for shareholders to determine their interest in the company under the relevant regulations. The announcement reflects Ryanair’s commitment to transparency and regulatory compliance, which could impact shareholder decisions and market perceptions.
Ryanair Holdings announced the purchase and cancellation of a total of 47,053 ordinary shares and 216,334 shares underlying American Depositary Shares between June 23 and June 27, 2025. This move is part of their ongoing share buy-back program, initially announced on May 20, 2025, aimed at reducing the number of outstanding shares and potentially increasing shareholder value.